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CATEGORY: private equity firms

SEC to target crypto firms operating as 'qualified custodians' — Report
Author: Cointelegraph By Brayden Lindrea
United States
Source: Cointelegraph.com News
Feb 14, 2023 08:20

SEC to target crypto firms operating as 'qualified custodians' — Report

If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC.

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FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
Hong Kong
Source: Blockchain News
Mar 17, 2023 02:15

FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services


The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto. (Read More)

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